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Old 11-12-2007, 05:52 PM
Borodog Borodog is offline
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Default Re: could US collapse like the USSR did ?

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They just cut rates twice (printing more money) with the $ at longtime lows.

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Huh?

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The Fed just cut interest rates twice. Lowering the interest rate expands the money supply, since it encourages people to take out new loans, the money for which is created out of thin air. Since the dollar is already at historical lows internationally, this will only accelerate the dollar's plunge in value.
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